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's the fault of election process. when you get elected, what's the first thing you want to do? you want to get reelected. in order to get reelected you need to bring the goodies to your constituency. unless there's a law or change the election process, that's going to continue add infini infinitem, forever. it's unfortunate, it's sad. unless there's a-- unless we outlaw pork, i don't see anything changing. >> brenda: we have ourselves to blame at the bottom. but jonas, let's talk about all the fork projects. this has been going on forever and ever and both parties love to feast on pork. in fact, you can't cut it out all at once, right? >> i imagine if they cut it out completely there would be no passing of any bills because it doesn't add up to a whole lot, but boils down to, it's not going to balance the budget. and second, it's the bribe use today get the senators in congress to vote for these bigger, more important bills which would never get passed if you couldn't-- you're getting a bridge and you're getting this and you're getting a university. and these pork projects as terrible as they
year's afghan election where karzai will not be a candidate will be free and fair. >> the united states of america is committed beyond 2014 to the government of afghanistan to this legitimate democratic political process. the taliban can choose to be part of that. they know how. >> sunday found kerry in baghdad where he conveyed washington growing displeasure with the way the both of iraqi prime minister permitted iraqi air space used by iran for deliveries of weapons and foreign fighters to the regime of bashar assad in syria. >> there are members of congress and people in america who increasingly are watching what iraq is doing. and wondering how it is that a partner in effort for democracy and partner for whom miles per hours feel they have try -- americans feel they have tried hard to be helpful, how the country could do something that makes it difficult to achieve the common goals. >> in syria, the weekend brought word that assad was badly injured and sheikh fatig the civilian leader who appeared aside kerry in rome three weeks ago announced his res eg resignatio. >> the announceme
trading at a value of $1.2860. >> in other news today, syria's main opposition has elected a head for an interim government they hope will be formed within a month. >> the u.s.-educated i.t. executive was chosen by a majority of national coalition members in istanbul. in his first speech, he ruled out dialogue with the shock assad's regime. government troops and rebel fighters are blaming each other for a chemical attack near the northern city of aleppo -- dialogue with bashar alabama assad's regime. >> they accuse rebel fighters of launching a missile containing poisonous gases. the information minister said this type of weapon was prohibited under international law. >> so far, we have 16 martyrs and 86 wounded. most of them are in critical condition. the chemical contained in the missile causes immediate fainting, convulsion, and that. >> in istanbul, syria's main opposition group said they were looking at the attack rejected allegations that rebels were involved. we also know the rebels do not have access to chemical weapons. they would not have access to the means of launching
the european monetary union, not with less number of members. so certainly not before the german election in september. >> but isn't it -- even though she does not want to do that, in the near term, she has an election to run. an election coming up. and apparently striking this hard line to turn to the germans and say, look, we didn't fund this rescue, this bailout of the russian mafia or something. >> it's true. it's having the intentions first of all to come out as fair, not to put german taxpayers money on before you do a bailin. but at the same time, and more importantly, she wants to keep the euro area safe. it's the crisis in which one country leaves the monetary union is one of her premises and one of her premises of the campaign is to elect strengthening, blowing up for crisis in cyprus will not be helpful to her. there were many mistakes in retrospect. you could say the same for greece, as well. but, you know, it's -- one issue that will be critical is they would not compromise on money laundering issues. they might come mize a little bit here and there on money, but they will no
to only fund candidates they consider viable in a general election. it was a message that drew a quick response from one of the party's top strat gists. >> the last thing we need is washington, d.c. vetting our candidates. if these experts who keep losing elections, keep getting rehired, raking in millions -- if they feel that strongly about who gets to run in this party, then they should buck up or stay in the truck. buck up and run. the architects can head on back to -- [ cheers and applause ] they can head on back to the great lone star state and put their name on some ballot, though for their sake i hope they give themselves a discount on their consulting services. >> first of all, i live in texas, i don't live in washington. >> yeah, but -- >> second of all -- >> you're a little dirty here now. >> second of all, look, sarah palin should be agreeing with this. she didn't support todd akin. when he said the reprehensible things he said she wisely came out and said he ought to get out of the race. racking in millions, i'm a volunteer. i don't take a dime. i pay my own travel expenses
about his plans to compromise after the u.s. election. >> after my election i'll have more flexibility. >> as in putin. the pentagon is scrapping phase four of the european missile defense. the sm-3 block missile interceptors to stop intercontinental ballistic missiles or icbms like the ones iran is attempting to build. the pentagon said the decision has nothing to do with russia. >> let me emphasize the strong and continued commitment of the united states to nato missile defense. that commitment remains ironclad. >> we lost a bargainship, serious one i believe. >> others say the stage four were never viable and wouldn't be ready soon enough. >> the military implication of not developing phase four is not that great. the existing program is probably good enough. >> initial reaction from russia suggests their leaders do not feel "appeased." russia deputy foreign minister said this is not a concession to russia and we don't see it as such. >> bret: jennifer griffin at the pentagon. thank you. iran says it has launched domestically built destroyer in the caspian sea. this is video from ir
in election year but the way they did it was horrible. what they should have done is guarantee at the beginning those 100,000 euro deforests, anything above that they'd get shares in the new bank. you might take a hair cut but normally when a bank goes under, the creditors get shares in a new bank. these guys are just wiped out with no hope of recovery. >> so, the concern here is not so much cyprus itself which after all is the third smallest economy in europe, it's a tiny little island of less than a million people, is it to you more the indication that european leaders still haven't worked out how to deal with their financial problems? >> that is a good summation. they haven't. cyprus, we've known for nine months, was in trouble. they had plenty of time to cobble something together that wouldn't precipitate a panic or set the conditions for panic in the future. one of the things that the germans have not recognized yet is that piling on taxes on the private sector just deepens these recessions and makes them more severe than necessary. we haven't seen such foolry in my mind s
think a government without another election is possible, they can bring together a coalition at the moment without an election? >> well, it really sdpents who they're going to be, the ministers, who are you going to support from outside the government. there are lots of -- three or four different -- >> permutations. >> exactly. we'll see. if not, we have to come back to general elections. >> okay. and how would investors view the prospects of -- >> general elections? >> general elections. >> we're going to drop probably another 70 basis points, we'll go back to 330, 350. >> that's manageable. >> well, it's where -- it's well manageable because we've already seen it. we are not going to come back to 7% or on 8%. >> good to see you. thanks for joining us. >> thank you very much. >> we'll take a short break. still to come, plenty more on cyprus. let's remind you of where futures are ahead of the wall street open a little later today. "worldwide exchange" continues after the break. >>> you're watching "worldwide exchange." these are the headlines today from around the world. a re
is the surest way to lose the next election, that is one of the conclusions? >> right. it says that you can't act hostile to immigrants or hispanic americans or have hostile rhetoric and expect them to vote for you. it may not be the number one issue for immigrant americans or hispanic americans but it is one of those issues where you have to sound like you're welcoming before they can look at other issues. so that was one of the areas where they recommended. and frankly, a lot of republicans are already on board with this, leading the way is marco rubio obviously and the gang of eight which is pushing for comprehensive immigration reform. jon: we've seen president obama going in for soft media interviews, "people" magazine, "the view", "the daily show" with jon stewart. republicans have to do the same thing according to this report. >> sounds a little bit frivolous but maybe it is but one of the suggestions in the report that republicans do more apearns poos on colbert report and daily show and do interviews with "us weekly." they have very serious proposals in the report. some things whic
status for immigrants. some people thought this last election debacle there would be pointing fingers. there's a lot of that that goes on but some of this stuff is really i think productive for them now. >> rose: cyprus cyber warre and american politics when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: the debt crises in europe is back in the headlines, al eyes are on cyprus the tiny mediterranean nation. with the weekend the population was told by the eu the and the ifm on bank deposits in exchange for financial bailout. but early today the cyprusian government is sparking concern throughout the region. joining me is andrew ross sorkin of the "new york times" and francesco guerrera for financil economic. simon i'll win good you. what's going on. >> well the explanation part is that a number of cyprian banks gambled and lost in a big way on greek debt. they facing big losses and these banks are big relative to the economy. the economy needs financial assistance from the outside from the european union and
of social issues. the gop has struggled to define itself since the loss in the 2012 presidential election. joining me to help me understand this from washington al lent from boomberg view and mark halperin from "time" magazine. i'm pleased to have both of them back on this program. i begin with this al. as you know i've been in rome watching the new pope be selected. so i've been there getting religion and i've sort of lost sight what's going on in washington. give me an update of what i have missed. >> there's no white smoke coming out of the rnc building yet charlie i will tell you that. >> rose: what about the whitehouse. >> or the whitehouse. there's a great deal of ferment going on in the republican party right now which i think by and large is healthy. there's a couple caveats now but the previous report on immigration i think a lot of things are happening. rand paul today came out for at least legal status for immigrants. so i think some people thought after this last election debalk backal will be pointing fingers and there's a lot of that going on. some of this stuff i think is
. >> sean: a political point. no, but he's doing things-- >> pursuing an election, and it's very worrisome and hurting americans. >> sean: 2014? >> 2014, hey, folks, that's what -- i don't care what he does when you're looking at him now when the poll ratings are going down. that's his objective. he gambled that he could change the muslim world and the fact is, we have tolerated -- i remember when the members of this administration, members of congress saying the muslim brotherhood they're not bad. they are poison and we're seeing that in egypt and it's a-- you know, you have to make a tough stand. >> sean: liz, you know, when he you say that the israelis are the descendents of pigs and apes, 9/11 truther, this is not hard to figure out and predict. the media got it wrong, the president got it wrong and a few of us here got it right. you being one of them, i was one of them. i don't know where you were. >> it's worse than what pat is saying. i don't think that this president is watching the united states decline for political gain. i think he doesn't mind if the united states declines. i t
. they have an election this year. they have known for nine months. >> they have known this -- they know the russian dirty money. and they had to know that taxing, literally taxing deposits that are guaranteed is nothing but confiscation of private property. that in the -- even the dummy cypriots would be opposed to this. >> well, and they have got -- >> even got the french. >> no, but -- but it's -- and they let off the bond holders. they're not going to make the bond holders take a hit. so this was -- inexplicable, just like what happened in 2008, after bailing out bear stearns, fannie, freddie, decided to let lehman go down. said we're going to draw the line on lehman and 48 hours later nationalized aig and had to do trillions of dollars of guarantees to the financial system. so this was kind of a muck-up like that. inexplicable. they didn't want to be seen as baling out oil i gargs in an plex year, even though it was a small amount of money and that's how you get a rocky financial system collapsing. >> all right. don jensen, let me come back to the russian part of the story. whether
issues. people are hoping to use these issues to beat the other party in the next election. let's get through that, and start fixes problems and i hope we get a down payment on this problem next year. bill: jonah goldberg, fox news contributor. good morning, jonah. is he on track for the right calendar, to get that done this year? >> to get the budget done? or get the budget in balance? i mean, at least he, at least paul ryan has got a budget. barack obama hasn't released one yet but, i don't know what the schedule will look like on the budget going forward it is still, it is controlled chaos right now. bill: what i see on the calendar is maybe late summer, if you want to get a deal together. i think that is what he was refering to on sunday. but you also have paul ryan saying that the debt is not an immediate crisis. and that was pretty much a headline that came out of one of his interviews. i will talk about john boehner in a moment here. how did you remark on the way ryan categorized that? >> look, i think he is basically right. technically we're not in a debt crisis. we don't have
, still licking their wounds from the november election, the republican national committee is out with a new report that outlines steps needed to reboot the party for 2016. among the proposed reforms, a streamlined process for earlier convention. improved outreach to women and young and minority voters. will the reforms be enough to give the gop brand a much-needed boost? joining us is mark stevens, ceo of msco and author of "your marketing sucks." with me the rest of the hour and i thought i introduced before, but i didn't, mark hanna and republican strategist chip saltsman. mark, what did this republican document do for the gop? >> it does nothing. it is a committee report adding to a pollution of noise that is going on in the republican party right now. the fact is as a marketing person, you cannot have a brand, talking about branding, you can't have a brand without a product. >> is the product the message? >> the product is the person. we don't have a person. you can't brand nothing. you say we come with a brand, what is it? gum, software? >> they said governors, pay attention
single idea, every single individual from the most junior member just elected two months ago to the most senior member who has been here for 40 years, if you have a budget idea, you get to have it heard on the floor of the house. in this case, mr. speaker, that's going to be six buckets we are going to look at -- budgets we are going to look at tomorrow. six budgets. mr. speaker, i believe having an open process is important. we made in order the progressive caucus budget. that progressive caucus budget trillion.es by $5.7 unashamed, unabashed. tough economy, let's raise taxes by $5.7 trillion. and let's increase spending even more than we are today. i'm glad that that budget's going to be here on the floor. congressional black caucus raises taxes $4. trillion. mr. van hollen's substitute raises taxes $1.2 trillion. and you saw the chart the chairman of the rules committee had on the floor of the house here earlier. we don't have a tax problem, we have a spending problem in this country. if we took everything from everybody, we still wouldn't have enough money to pay for all the promises
rudd with a napped ballot for the party leadership resulting in prime minister gillard being re-elected uncontested. she had lost the support of her party. rudd backer and simon crane today urged the prmt to conduct a leadership ballot and one was held just hours later. the big twist, kevin rudd deciding not to challenge the prime minister for the leadership, but gillard and her deputy, the treasurer wayne swan was reappointed to their respective positions unopposed. prime minister julia gillard says today's vote now settles the question o leadership once and for all. >> today, the leadership of our political party, the labor party, has been settled and settled in the most conclusive fashion possible. the whole business is completely at an end. it has ended now. >> australian prime minister julia gillard. the countdown now resumes to the federal election which will take place on december the 14th. if current polls are to be believed, julia gillard will lose in a landslide defight to the right leaning liberal party tony abbot. that's the late freft sydney. back over to you. >> and we'll
if elected. venezuela had given about 100,000 girls of crude per day to cuba but says giveaways to other countries has to end if he wins office. the special election is scheduled for april 14. iraq offered well below market rates to asia according to reuters. undercutting saudi arabia dominance in the asian market. in the third largest oil supplier in china, india and south korea. up next on "money," what dreamliner nightmare? pushing stocks to a four-year high. we'll tell you what the airliner may see clear skies ahead, plus advertisers everywhere milk march madness even if they are not official sponsors. i think it doesn't make a difference, but top marketing expert says i am way off the mark. piles of "money" coming up. úúúúú traffic noises may0i0walk you acrossp the street?ú thanks.ú ♪ hold0my hand0 ♪ melissa: boeing said they have fixed the problems and plans to be back in the sky in a number of weeks. who knows if people actually want to travel on one of these flying firebombs but the funny thing is investors don't seem to care at all, in fact boeing stock has risen more
're under tremendous pressure to raise money, get re-elected. why are they there to begin with if they don't want to do the public service? do what's right and let the chips fall where they may. you and i have talked nostalgically about the 1980s when we had the world war ii generation and leadership ranks in congress especially in the senate. they did rise above a lot of the special interests with tax reform and fixing the social security system. they managed to survive re-election. if you take principled positions, stand up for them, explain them to your constituents, you know, maybe they'll raise more money by refusing the wall street guys and going to the main street constituents who vote for them. i think at the end of the day they'll sleep better at night t too. >> that's all the more reason to read "bull by the horns." sheila bear, thank you very much for what you're doing and for being with me today. >> thanks for having me. ♪ >>> it's not only our banking system that remains questionable and shaky, it's the whole of our economy, that complex mix master of capital and labor, pric
or two after the election we start talking about the stimulus. it will be for one, maybe two years. we had a 21% increase during the first years of the obama administration over and above the solution. that dollar increase in spending adjusted for inflation is argentinian priest standing we had during world war ii, which is pretty phenomenal when you think about how much the country no place to go and fight world war ii there. this is larger for inflation. rather than the stimulus lasting for almost a couple years, not only can't we cut spending, but we can even slow the growth of spending or have a detrimental effect on the economy. obviously a shot newsome grassed a minute ago that indicated around economic growth is it going too well. the president often has made recommendations. so what i'm going to show you here is one of the graphs i have in the book. what you see here is the growth in government spending and employment if we slow the growth of government spending here. on one axis we have kind of the growth in government spending kind of one year earlier in the next year what ha
rejected the authority of ghassan hitto, a u.s. citizen recently elected as interim prime minister over rebel-held areas. said hitto, a former technology manager formerly living in texas, lacks a broad base of support. the steering continue -- the syria conflict is continuing to spread beyond its borders. and sunday, israeli forces fired into syria and destroyed a military post in retaliation for gunfire from the syrian side. in the latest violence inside syria, explosions rocked the capital damascus this morning as rebels fired mortar rounds into a high-security area less than a mile from the home of president bashar al-assad. the forces it back with artillery fire. there were reports of least one person has been killed. israeli prime minister benjamin netanyahu has apologized to turkey for the killings of nine people on board the gaza-bound aid flotilla nearly three years ago. on may 30, 2010, israeli commandos raided the mavi marmara in international waters, killing nine turkish activists, including one u.s. citizen. president obama brokered netanyahu's's apology for the attack, whic
, i agree with your entire philosophy, but it lost the last election, or did it? i mean, what lost the last election? that's a good question. i hope you can come back and see us, appreciate you being here. >> thank you very much. stuart: let's see it's now 9:47, almost 48. the gold report we're above $1,600 per ounce, down just a fraction today. how about this? minimum wage right now. 7.25 an hour. should it be higher, $22 an hour. that's what senator elizabeth warren says. what, $22 an hour? and more with charles and walking through the door now. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charas with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reaso serious investors are choosing fidelity. now get 200 free trades when you open an account. >> there is nobody i
scheduled for friday. >>> five elected officials in bell, california, including former mayor oscar hernandez were convicted of multiple counts of misappropriation of funds. a sixth defendant was cleared. all six defendants were cleared of charges they illegally tapped public money while serving on the city's public finance authority. that is the latest from the fox business network, giving you the power to prosper. at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes make your business our business. od. helping the world keep promises. david: well day three of the cyprus bank closing. even though their parliament rejected the initial plan to confiscate a portion of bank deposits the fear is that the public trust has just vanished and once the banks are reopened, there will be runs. makes one wonder how can anyone say now is a good time to invest in europe? lauren: cumberland advisors chief global economist phil weather all is here to tell us why he thinks europe of
, germany is facing elections six months away. so that's why they like the idea of the bank tax. you may see that or it may go away. the situation is very fluid. right now we're seeing depositers in cyprus with severe restrictions on their bank accounts. let's show you what is going on over there. this is out of cypriot parliament. when you see the level of detail you will essentially say to yourselves, wow, this situation is worse than we realized. do we have the full screen? let's show it. restrictions to stop money from flooding out of cyprus. you will see essentially basically withdrawal restrictions. ban on premature termination of cds. converting existing savings accounts into cds. restrictions on debt, credit, prepaid debit cards. i want to get to the final bullet point. this is what cyprus is saying, any measure the finance minister or governor of cyprus to stop movement of capital out of cyprus's banks. they're trying not to let the money flood out of the country. this is what we're seeing at this very hour. still talk of a solidarity investment fund where people from around the wor
presidential candidate says he will and oil to cuba if elected. venezuela had given about 100,000 girls of crude per day to cuba but says giveaways to other countries has to end if he wins office. the special electi is scheduled for april 14. iraq offered well below market rates to asia according to reuters. undercutting saudi arabia dominance in the asian market. in the third largest oil supplier in china, india and south korea. up next on "money," what dreamliner nightmare? pushing stocks to a four-year high. we'll tell you what the airliner may see clear skies ahead, plus advertisers everywhere milk march madness even if they are not official sponsors. i think it doesn't make a difference, but top marketing expert says i am way off the mark. piles of "money" coming up. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper av
at the vatican ahead of the inauguration of pope francis. the energy was palpable as the newly elected pontiff delivers his first blessing from above st. peters square and steps outside of vatican gates and breaching his own security to greet a sea of well wishers. >> you don't know whether this is the honeymoon period or whether there's something special about the new pope that's gotten under everybody's skin. after celebrating mass today pope francis warmly greeted vatican employees and their family and kissing children and asking them to pray for him. and he went to the side for the hordes pressed up against the gate. let's get to work and your simplicity has captivated all of us. pope francis delivering his first angelus prayer from the window. >> don't forget that god never gets tired of for giving us. have a good sunday, and a nice lunch. >> reporter: we've learned from the patriarchy, that will be attending the installation ceremony on tuesday the first time an orthodox patriarch has attended the ceremony since 1054. >> harris: some people know him as the hhoff in germany what is he do
after last month's elections left the country mired in a dead lock. plus, the latest fallout from cypress. we'll be right back. are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from progressive. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> welcome back to "worldwide exchange." sylvia berlusconi has threatened a wave of protests if the central left candidate becomes the next italian president. this comes as the current preside
-mail during an election campaign. now the government is trying to change that and they're willing to change i think. >> we will have to leave it there. breaking data coming up. fascinating point about the yen how stronger yen helps if you're the buyer of some of these companies. thank you very much, sir. >>> the data is out as we wait from the u.k. today is a huge day in britain. we have the budget. government under pressure because they haven't met the targets they initially laid out. still the economy on the employment side holding up reasonably well. the question is whether that has continue. we'll see if we get unemployment figures out here in a second. from looking at the bank of england minutes there was a 9-0 vote to keep rates unchanged. 6-3 vote to keep the program at the current size. again, governor king, fisher and miles wanted a $25 billion extension to the quantitative easing program. king outvoted yet again. let me see if i get the employment data up for you here. it looks like the three-month average hourly earnings including bonuses for britain here are at the lowest in three
be strengthened and they go to a second election now and they'll have a much better chance of really cornering the market because the anti-austerity crowd says they're seizing our deposits as well. we know the european think bahhing union and remember this idea and they'll all get together and put the banks under the ecb roof. you know who one of the tenants is the european wide depository scheme to guarantee deposits and what's going on happen when that happens? you see what happened? cyprus, how do you know you won't do anything with everything everybody, and this makes banking union more difficult. what does it mean for stocks right now? folks, we had a 3% correction at the end of it. and that was on italy and it's going to be a very, very minor event and if you can't, you've got problems. the big of the thing, guys, 10% increase in the s&p and now 8.5% increase in the s&p hedge funds are only up 4.9%. so do you guy get guys taking profits or some guys saying now it's time to buy on the dip. this can go either way and it is very important in the next 24 hours. back to you. >> i have to tell
demagogue in the last election last fall, they keep all those savings, and their budget wouldn't balance without them. now, our budget dramatically cuts the deficit, makes sure that we're -- our deficits are not growing faster than the economy, down to 2.4% at the end of the window. we stabilize the debt below where the c.b.o. projects today. we stabilize 70% of g.d.p., and, yes, we also will balance our budget in the same year that the republican budget from ast year balanced. if this were just a race to balance the budget first, vote for the republican study group proposal. four years. but if your priority is jobs and economic growth, as it should be as part of a measured and plansed approach to reducing the deficit, then you need to support the democratic report. i yield -- i yield back the plns of my time. the speaker pro tempore: the gentleman from wisconsin. mr. ryan: the gentleman from maryland is right, we do balance the budget. guilty. proud to be fwlt of that. we think balancing the budget is important. more to the point, in the revenues we're saying, we don't like the current
, march 25, 2013. it is not an election year but political ads are already back. that is due to new york's mayor michael bloomberg. >> i think i have a responsibility and i think you and all of your viewers have responsibilities to try to make this country safer for our families and for each other. >>gretchen: mayor bloomberg now taking his latest crackdown to the rest of the country. we'll tell but that. >>steve: after a week of outrage, cbs apologizing for slapping our veterans in the face of one of their most popular shows. too little too late. we're going to report. you are going to decide on the not so amazing race. >>brian: one lucky trucker hits the $338 million powerball jackpot. the other big winner is uncle sam. wait till you hear how much the $338 million jackpot breaks down after they pay taxes. "fox & friends" starts now. >>steve: welcome back to the studio. look who's back after a long vacation. >>gretchen: i knew that rooster called this morning. >>brian: is that how you got up? >>gretchen: i didn't sleep that much. i'm on a three-hour time delay. but glad to be back. nice
in the last election. asking nothing from the wealthiest americans and rich corporations that ship our jobs overseas while turning medicare into a voucher program and slashing investments that create real jobs. inequality is at its highest point since the great depression and yet this budget would make it worse. here's the top 1%. since 1979, look at how their income has gone up. 277.5%. this is the bottom 99%. you see a little bit of increase but you see where the money has gone. well, households making more than $3.3 million would get an average tax cut of $1.2 million. those who make less than $22,000 would get $40 and 1/3 of them would get no tax cut at all. meanwhile critical support programs for seniors and the poor would be cut, including drastic cuts to medicaid and the food stamp program. i urge my colleagues to oppose the ryan republican budget. it is pure march madness and not in a good way. the chair: the gentlelady yields back the balance of her time. the gentleman from wisconsin. mr. ryan: i yield myself a minute to -- the gentleman is correct in saying that the savings that a
but loves you very much as he did the night of the election he asked for what he called a favor. pray for me. amy kellogg is live for us again tonight in rome. amy, the highlights, well a long list yeah, that's true, shep. we did take a look back at pope benedict's 16th whomly from 2005. to be honest there are were a lot of similar messages but a very different delivery, shep. a different style. pope francis certainly has his own body language. you know, he really likes the thumbs up, shep. while that may not be particularly pope like, a lot of people here really liked it he kept the message simple so amidst all of the pomp and ceremony, really, the message was "look out for people, be kind." shouldn't be that difficult, shep? >> shepard: huge delegates including from the united states. >> that's right it was a marathon day for the pope. he had two hours of mass and then two hours of meet and greet with all dignitaries including u.s. vice president joe biden who apparently has said that he is just delighted to be here with pope francis because he says that frankly, he stands for what much of
, high double digits down? >> well, david, the markets basically has gone straight up since the election. it is up about 15, 16% since early november. so it is not surprising to me that the market sold off a little bit here. i think maybe participants are looking for any excuse to take some chips off the table and cyprus provided them that excuse. sandra: george, let's get you in here. you have much differing opinion you are very bullish on markets, you see as the cyprus news as that is today, we'll get over that? >> that's exactly right. crisis de jure. think of all the problems we have last year or two. this is one-off event. i may feel sorry for the people in cyprus and people in your there is difficulty but it is the crisis de jure. everybody knows that there will be volatility. david: curious, george, right in front of you, pan down in the camera, you have red square. pan down with the camera shot. >> sure. see if they can get it for us. david: why is it there, george? >> it is there because it is, st. bass sill's cathedral because of stock we like, 3-d systems. 3-d systems is 3-d s
to look forward to. >> i'm getting on a board. i see good stuff in here. it's like a token. if i'm elected to lululemon, i'm promising more transparency. >> more transparency. >> nasa will launch the james webb telescope, a successor to the hubbell and it's going to be even more powerful and penetrating. you can imagine the results of that one. >> i wonder what we can get to? 380,000 out of 14 billion is cool. coming up, biotech firm gilead. manager of the calvert equity portfolio joins us next. >>> and a vulture is circling. we talked to wilbur ross. we talked to him about whether he's buying the entire country. >> last time on he talked about greece. clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty f
, that was a critical part of the 2012 election process and that i frankly think the american people have broadly embraced. we have put forward a budget that meets the values agenda that our democratic budget committee stands behind. to invest in critical areas of our economy, whether infrastructure, education or r&d, to help lift the private sector and help grow jobs again, to keep our most vital commitments to seniors and to veterans and to those most at risk in our society while still making responsible, steady progress towards reducing our crippling deficit and debt. we get the deficit down to less than 3% of g.d.p. at the end of the ten-year period, we stabilize our publicly held debt at 70% of g.d.p. these are the targets broadly agreed on by every major bipartisan group that has looked at the challenges facing the united states, our economy and our budget. i remind you that the bowles-simpson commission, a bipartisan commission, came up with a rough target of $4 trillion in savings over a decade. this plan, this budget resolution would achieve, in fact would exceed that target in a way tha
picture in europe where the italian tenure is now below where it was before those italian elections and a mixed picture in asia this morning. the nikkei up about 1.5%. the road map begin with the eurozone that did not collapse over the weekend so naturally the s&p is expected to bust through the all-time closing high and what's next for cyprus' hobbled economy. it has received two competing offers from carl icahn and blackstone is the initial $24 billion offer from silver lake in jeopardy. saying the blackberry 10 launch has been tepid in their words and it sees only a 20% share of success. >> and dollar general beats handily as the retailer continues to steal market share, but are rising inventories a reason for concern. >> we begin with the markets as the s&p 500 stands within nine points of the all-time closing high after the eu finance minister was struck over the weekend and it was the second largest bank and inflicts heavy losses on deposits with more than 100,000 euros. cyprus will receive $13 billion in financing, but guys, the conversation is already beginning from what's t
by the american people in the election. and since then it continues to be very clear. the american people prefer a balanced and fair approach that puts our economy and our middle class first. not an extreme irresponsible approach. unfortunately, house republicans put forward a budget last week that doubles down on the rejected ideology that the american people spoke about. and they have a new talking point about their same old budget. they now claim their budget would eliminate the deficit in 2023. and house budget committee chairman paul ryan has even said that it doesn't really matter how their budget eliminates the deficit. mr. president, americans across our country who will feel the impact of the choices we make in the coming weeks and months feel that it does matter. so while some of my republican colleagues would probably prefer not to hear about it, i think that the impact of the house republican budget is a crucial part of this debate, and we owe it to the american people to put our opinions on the record. now we've come a long way, mr. president, but there are still far too many americ
. which politician can win election in germany saying, yes. >> the people drove the government and cyprus out. stuart: i think the euro days are numbered. >> yes. stuart: thank you very much. indeed. the dow is down only 32 points. the twinkie alive and well. unions will not be making or delivering any more. next, the man who saved the twinkie and will do it without the unions. ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens.nswers. ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give i
that they vote to approve this? >> i can't handicap it. he doesn't control parliament. we make senior election necessary cyprus, and this -- >> so ecb and any other regulators in europe, how do you get your credibility back right now? >> oh, i think they think they have plenty of credibility. what are you talking about? >> what do you mean? >> they have no doubts -- exactly. exactly. >> if they had violated the insurance threshold, i think a lot of people would be saying exactly that. this is brilliant. you're finally get to go where you need to go instead of passing it on, socializing the costs to taxpayers across europe, i.e., germany and the sense. >> we have to figure out our priorities here. >> we're going to talk it out over the commercial break. >> i wouldn't do solar and i wouldn't do like preschool, that program, you know. >> much more efficient way to do a carbon tax. >> look at patti murray's budget and tell me how that is different than what this is. will you do that, too? and get back to me. >> if you were just waking up this morning, global markets under pressure. a lot of fears
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